Global Conductive Polymer Market Report, published by Variant Market Research, forecast that the global market is expected to reach $10,362 million by 2024 from $4,530 million in 2016; growing at a CAGR of 10.9% from 2016 to 2024. By geography, Asia-Pacific and Europe are expected to grow at a CAGR of 13.6% and 11.4%, respectively, during the forecast period. Conductive polymers are organic polymers to conduct electricity. They are lightweight, pliable and inexpensive plastics. They are a member of the plastic materials family. They are known to shrink, bend, and protrude as soon as stimulated by electricity.
"Conductive Polymers Market (By Type: Inherently Conductive Polymers (ICP), Polyaniline, Polyphenylene Based Resin, and Others; By Application: Antistatic Packaging, ESD & EMI Protection, Capacitors, Actuators, Sensors, Batteries, Solar Cells, and Others; By Geography: North America, Europe, Asia-Pacific and Row) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024"
Upsurge in demand for high-performance, lightweight, and inexpensive products are the major aspects to drive the global conductive polymer market
The ease of process-ability and low cost of raw materials, growing demand for high-performance, lightweight, and inexpensive products, their flexibility, dimensional stability, strength, and chemical resistance are the primary factors to drive the global conductive polymer market. However, high production & processing cost may restrict the market from growing during the forecast period. Moreover, with rising disposable income and modernization, demand for these polymers have increased tremendously which in turn is expected to generate numerous growth opportunities for the market in the upcoming years.
Global Conductive Polymer Market, by Product Type
The global conductive polymer market is mainly categorized on the basis of type, application, and geography. By type, the market is classified into inherently conductive polymer (ICP), polyphenylene based resin, polyaniline, and other types. The classification by application includes antistatic packaging, ESD & EMI protection, capacitors, actuators, sensors, batteries, solar cells, and other applications. Based on geography, the global conductive polymers market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Inherently conductive polymers accounted the highest CAGR in the type segment
Inherently Conductive Polymersis likely to attain the fastest CAGR in the type segment and is expected to continue its dominance during the forecast period i.e. 2016 – 2024, owing to their high conductivity & stability, also their electrical conductivity properties are similar to inorganic semiconductors and as a result, are able to discharge static before charges reach unsafe levels.
ESD & EMI protection dominated the application segment
ESD & EMI protection is anticipated to grow at a fastest GAGR in the application segment, driven by their ability to protect the electronic equipment from electrostatic discharge and electromagnetic interference.
GLOBAL CONDUCTIVE POLYMERS MARKET SHARE BY GEOGRAPHY, 2016 (%)
North America dominated the market with more than half of the total market share
North America generated the largest revenue accounting for 64.1 % in the year 2016. In terms of growth, Europe is anticipated to achieve the fastest CAGR of 11.4%, during the forecast period i.e. 2016 – 2024.
The major key players operating in the market includes The Dow Chemical Company, NanoMarkets LLC., CBI Polymers Inc., The Lubrizol Corporation, Crosslink, IDTech EX, Henkel Electronics, AnCatt, ITEK, and Voltaic Coatings, among others.